New PAC Aims to Support Crypto-Friendly Lawmakers Ahead of Midterms
- The Defend Developers PAC plans to raise over six figures for key midterm races.
- The PAC focuses on supporting incumbent lawmakers who advocate for the legal protection of crypto developers and DeFi creators.
- Defend Developers is a hybrid PAC, allowing both direct contributions to candidates and unlimited corporate funding for independent ads.
- Fairshake, a leading super PAC, recently backed nine Democratic candidates in California and one Republican in South Dakota, all winning their primaries.
- Fairshake spent $6.5 million to defeat a prominent crypto critic in Texas, showcasing its significant financial influence in the political arena.
As the November elections approach, the Defend Developers PAC aims to create a supportive environment for blockchain technology by backing legislators who understand its importance. This effort aligns with broader trends where the crypto industry increasingly engages in political funding.
With Fairshake’s recent expenditures exceeding $6 million, new entrants like Defend Developers will need substantial support to make an impact in upcoming elections.(Source)
